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While many of last year’s themes continue to dominant markets, there is one thing that is different: the energy sector.
Year-to-date, the U.S. energy sector has posted a 10% gain, roughly in-line with the broader market.
I believe there are several factors supporting the sector, including elevated commodity prices and elevated inflation, as well as valuations and its role as a hedge.
In this article, Russ Koesterich discusses the YTD strength of energy stocks and why it could continue. ...